Thomas Cook (India) Limited has submitted a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The company received an order dated June 11, 2026, from the Commercial Tax Officer, Group-IX, Intelligence-I, Chennai, Tamil Nadu - 600006, which was received by the company on June 15, 2026.
Nature of Order
The order confirms a demand related to "ITC wrongly adjusted against the tax liability for the 5% Turnover" tax. The specific breakdown of the demand is:
- Tax amount: ₹13,94,644
- Interest levied: ₹5,37,835
- Penalty levied: ₹1,39,464
Legal Basis
The demand has been made under Section 50 of the CGST Act 2017 (for interest) and Section 73 of the CGST Act 2017 (for penalty).
Company Response and Impact Assessment
The company states that it is taking necessary steps to appeal against the order before the appropriate authority and believes it has a good case on merits.
Most significantly, the disclosure explicitly states: "There is no material financial or operational impact on the entity" as a result of this order.